£1,250,000

Location of Adelaide Business Centre, Apollo Road

The property is situated on the Apollo Road, just off the Boucher Road c.2.1 miles south west of Belfast City Centre. Boucher Road consists of retail, warehouse, office, tradecounter and car showroom uses. Occupiers in the immediate area include M&S Simply Food, Chain Reaction Cycles, Charles Hurst, Home Bargains, Lakeland, DW Sports Fitness and Harvey Norman.

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description

The property consists of a commercial complex comprising a two-storey office building fronting onto a car park overlooking Apollo Road, behind which sits two rows of warehouse units. The warehouses initially provided seven units on either side and are separated from one another by a central corridor void which in turn facilitates access to additional office units at the end of each warehouse unit.

The offices are constructed around a steel frame with profiled metal cladding to the external leaf. The warehouse units are constructed of a steel frame with brick and block walls. Each warehouse unit has a full height roller shutter door.

196 no. car parking spaces are marked out at the property and only 19 are dedicated.

The current gross rent is £104,422 per annum. The property offers significant asset management opportunities, if all the office space was let at £10 psf and all warehouse space was let at £4 psf the rent would be c.£328,000 per annum (potential purchasers to satisfy themselves on potential rental rates achievable). Please note the current service charge is £2.15 psf and the current insurance premium is £0.12 psf.

Copy detailed tenancy schedule, service charge schedule and floor plans are available from the selling agent.

Please note all measurements are provided on a gross internal basis although many units have been altered internally by various tenants. Perspective purchasers should satisfy themselves on existing layout and net measurements.

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